Bergman & Beving Ab Class B · OMXSTO:BERG_B
Bergman & Beving Ab Class B — Q1 2025/2026 Earnings Presentation
18 slides from Bergman & Beving Ab Class B's earnings presentation, Jul 16, 2025
Slide 1: Financial Report 1 April – 30 June 2025
FINANCIAL REPORT 1 April – 30 June 2025 16 July 2025 Magnus Söderlind – CEO Peter Schön - CFO 1
Slide 2: Highlights First Quarter 2025/2026
HIGHLIGHTS First Quarter 2025/2026 Increased earnings, profitability & EPS ❖ Turnover increased 5 percent ❖ EBITA increased 9 percent – 22 consecutive quarter with improved profits ❖ EBITA margin 9.9 percent (9.5) ❖ EBIT and EBT increased 3 percent ❖ Profitability (P/WC) increased 5 percentage units
Slide 3: Highlights First Quarter 2025/2026
HIGHLIGHTS First Quarter 2025/2026 Increased earnings, profitability & EPS Market remains sluggish ❖ No signs of general pick up, either in the Construction nor Industry sectors in the Nordics Diamonds are formed under pressure ❖ Company-by–Company by our (Focus) capital allocation model ❖ Four acqu
Slide 4: Four acquisitions FY25/26 – on acquisition target of MSEK 50–80
FOUR ACQUISTIONS FY2526– ON ACQUISITION TARGET OF MSEK 50–80 Annual Revenue EBITA P/WC Division MSEK % % Q1 Safety Ontec Technology 45 >>>15 >>>45 Core Raintite Solutions 90 >15 >>45 Industrial Mann & Co Equipment 30 ~15 45 Q2 Core H C Coils Solutions 135 >15 >>45 Total 300
Slide 5: 22 consecutive quarters with increased EBITA
22 CONSEQUTIVE QUARTERS WITH INCREASED EBITA EBITA per quarter % MSEK 14 140 130 125 EBITA EBITA % 120 121 12 116 119 120 110 103 104 105 107 ❖ EBITA increased by 9 percent to MSEK 130 (119) 10 91 94 100 88 81 84 84 ❖ EBITA CAGR 20 percent 78 8 73 80 66 68 ❖ EBITA margin totalled 9.9 percent (9.5) 6
Slide 6: Five percentage revenue growth despite a continued sluggish underlying market
FIVE PERCENTAGE REVENUE GROWTH DESPITE A CONTINUED SLUGGISH UNDERLYING MARKET Revenue per quarter Quarterly Revenue, % MSEK 1,400 Revenue Revenue Trend 1,300 5 1,200 11 -3 1,100 -3 1,000 Currency Actual 900 Organic Acquisitions 800 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20/21
Slide 7: Own products share at target level; new customer onboarding drives one-off gross margin effects
OWN PRODUCTS OWN PRODUCTS SHARE AT TARGET LEVEL 75% latest FY2526 NEW CUSTOMER ONBOARDING DRIVES ONE-OFF GROSS MARGIN EFFECTS Gross margin per quarter Revenue per type of products Rolling 12 months % 50 GM GM Trend Own Proprietary Products 48 Other Products 46 30% 28% 26% 25% 44 42 40 38 70% 72% 74%
Slide 8: Group target overview and status
GROUP TARGET OVERVIEW AND STATUS 50 45 40 31 32 30 22 22 26 20 16 20 21 45% P/WC 20 10 latest FY2627 0 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 2506 26/27 R12 600 500 500 399 402 400 339 372 298 EBIT 300 216 236 189 247 500 MSEK 200 100 latest FY2526 0 17/18 18/19 19/20 20/21 21/22 22/23 23/2
Slide 9: EPS continues to improve
EPS continues to improve SEK EPS Q R12 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.30 2.00 2.05 2.05 1.90 1.95 1.95 1.95 2.00 2.10 2.00 1.80 1.90 1.90 1.80 1.70 1.80 1.70 1.50 1.45 1.60 1.60 1.00 0.00 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20/21 21/22 22/23 23/24 24/25 R12 25/26 9
Slide 10: Inventory level – YoY organic reduction by MSEK 30
INVENTORY LEVEL – YoY ORGANIC REDUCTION BY MSEK 30 MSEK ITO 1,600 3.0 ❖ Inventory amounted to MSEK 1,158 Inventory R12 ITO (1,127) 1,500 ❖ Organic inventory reduction MSEK 30 1,400 1,300 2.0 ❖ Improved ITO almost on pre covid level 1,200 ❖ Reduction will continue but at a slower pace 1,100 1,000 1.0
Slide 11: Cash flow from operating activities – seasonally strong
CASH FLOW FROM OPERATING ACTIVITIES – SEASONALLY STRONG Cash flow per quarter MSEK 250 Cashflow Cash flow Trend 207 207 ❖ Cash flow from operating activities 200 187 MSEK 182 (187) 179 176 182 ❖ Increased profitability 150 142 145 ❖ Lower pace in inventory reduction 133 133 110 100 94 94 87 57 79 59
Slide 12: Acquisitions increased net debt
ACQUISITIONS INCREASED NET DEBT MSEK ND/EBITDA 1,600 5.0 Operational Net Debt ND / EBITDA excl IFRS 16 4.5 1,400 ❖ Operational Net Debt MSEK 1,412 (962) 4.0 1,200 3.5 ❖ Net Debt/EBITDA 2,5 (1,9) 1,000 ❖ Increased due to MSEK 261 in acquisitions 3.0 during the quarter and SEK 579 during the last 12 m
Slide 13: Core Solutions
CORE SOLUTIONS Demand from the Nordic construction sector remained stable but at a low level ❖ ESSVE three new, large customer agreements with ‘take-back’ volumes’ effected margins ❖ Raintite acquired April 16 ❖ Revenue increased 20 percent to MSEK 464 (388) ❖ EBITA increased by 22 percent to MSEK 5
Slide 14: Safety Technology
SAFETY TECHNOLOGY Several division's companies experienced increased demand, while overall demand remained relatively weak ❖ July 1, divestment of Skydda's Nordic operations to Ahlsell was completed. ❖ Opportunities increased volumes on our personal protective equipment companies ❖ Operations outsid
Slide 15: Industrial Equipment
INDUSTRIAL EQUIPMENT Demand varied depending companies' end markets. In total, a slightly weaker demand main explanation for lower results. ❖ Demand varied depending companies' end markets ❖ Luna & Teng Tools, selling to retailers, experienced continued weak demand. Polartherm (mobile heaters) also
Slide 16: The way to '500/ten/45'
THE WAY TO ‘500/ten/45’ The Skydda divestment corresponds to annual earnings of MSEK 45. In combination with a challenging economic environment, it's challenging to reach this year's targets of 500/10 UNDERLYING MARKET ❖ Market recovery – hopefully year end WHAT WE ALWAYS DO ❖ Profit expansion over
Slide 17: Contact Calendar
Contact Calendar Investor Relations 28 August 2025 Peter Schön Annual General Meeting +46 70 339 89 99 22 October 2025 ir@bb.se Interim Report 1 April – 30 September 2025 17
Slide 18: Shaping great companies since 1906
SHAPING GREAT COMPANIES SINCE 1906
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